TE Connectivity Ltd. (NYSE:TEL) Insider Aaron Kyle Stucki Sells 13,100 Shares

TE Connectivity Ltd. (NYSE:TEL - Get Free Report) insider Aaron Kyle Stucki sold 13,100 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $170.00, for a total value of $2,227,000.00. Following the completion of the sale, the insider now owns 23,657 shares in the company, valued at $4,021,690. This represents a 35.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Aaron Kyle Stucki also recently made the following trade(s):

• On Monday, May 12th, Aaron Kyle Stucki sold 5,000 shares of TE Connectivity stock. The stock was sold at an average price of $160.00, for a total value of $800,000.00.

TE Connectivity Stock Performance

NYSE TEL traded down $0.00 during trading on Friday, reaching $169.05. The company's stock had a trading volume of 418,126 shares, compared to its average volume of 1,700,030. The firm has a 50 day moving average price of $156.88 and a 200 day moving average price of $148.94. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $170.47. The firm has a market capitalization of $50.13 billion, a price-to-earnings ratio of 37.14, a price-to-earnings-growth ratio of 2.19 and a beta of 1.23. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.96 by $0.14. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. TE Connectivity had a net margin of 8.67% and a return on equity of 19.40%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 earnings per share. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.68%. TE Connectivity's payout ratio is 62.42%.

Institutional Trading of TE Connectivity

Several large investors have recently modified their holdings of TEL. Brighton Jones LLC acquired a new stake in TE Connectivity during the fourth quarter worth about $820,000. New York State Common Retirement Fund lifted its holdings in shares of TE Connectivity by 48.8% during the 4th quarter. New York State Common Retirement Fund now owns 1,122 shares of the electronics maker's stock worth $160,000 after acquiring an additional 368 shares during the period. Y Intercept Hong Kong Ltd boosted its position in shares of TE Connectivity by 42.9% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 4,006 shares of the electronics maker's stock worth $573,000 after acquiring an additional 1,202 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in TE Connectivity by 47.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 18,558 shares of the electronics maker's stock valued at $2,653,000 after acquiring an additional 6,002 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its position in TE Connectivity by 5.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,171 shares of the electronics maker's stock valued at $310,000 after purchasing an additional 109 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TEL shares. Citigroup reduced their price objective on shares of TE Connectivity from $165.00 to $142.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Truist Financial cut their target price on shares of TE Connectivity from $163.00 to $156.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Wall Street Zen lowered shares of TE Connectivity from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Wells Fargo & Company increased their price target on shares of TE Connectivity from $148.00 to $156.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, The Goldman Sachs Group reduced their price objective on TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.50.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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